Posted by
Nerdus Maximus on Wednesday, March 05, 2008 12:55:12 PM
Every lottery operator knows that the availability of a big jackpot draws money like a cow patty draws flies. People are willing to spend more on lottery tickets if the potential payoff is higher.
What does this tell us about the size of government and its effect on drawing money into elections and lobbying? It would seem that people would be willing to spend more on tickets if the potential prize was bigger. It would then follow that people would be less willing to spend money on elections and lobbying if the potential payoff was smaller. This is why being as small as possible increases the likelihood that a government will be a good government.
John Stossell has a very good article on the same theme with more exploration of why big governments are prone to being influenced by small minorities (AKA Special Interests)
Nerdus
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